Mumbai, Nov 8 (PTI) Falling for the second session,
benchmark Sensex shed 152 points today to end at an over one-
week low of 33,218.81 on widespread selling in metal, oil and
gas, telecom and realty sectors.
Investors locked in gains amid lingering worries of a
spurt in oil prices and its impact on inflation and fiscal
deficit, brokers said.
The 30-share index, after opening strong at 33,417.35,
advanced to hit the day’s high of 33,484.70 on the back of
robust foreign fund inflows.
However, it succumbed to profit-booking in late afternoon
trade and slumped to 33,157.68, before finishing at 33,218.81,
down 151.95 points or 0.46 per cent.
This is its weakest closing level since October 31, when
it had ended at 33,213.13.
The broader Nifty slumped 47 points, or 0.45 per cent, to
close at 10,303.15 after shuttling between 10,384.25 and
“Market shows signs of consolidation as investors took
one step back from riskier assets due to rising oil price and
the resultant impact on inflation and deficit,” said Vinod
Nair, Head of Research, Geojit Financial Services.
Foreign portfolio investors (FPIs) net purchased shares
worth Rs 461.47 crore yesterday, as per provisional data.
Domestic institutional investors (DIIs) sold shares worth net
Rs 2,046.07 crore.
Bharti Airtel took the biggest blow in the Sensex kitty
by slumping 3.73 per cent following reports of a Qatar-based
entity offloading its entire holding in the company.
Other laggards included Tata Motors, SBI, Lupin, ICICI
Bank, RIL, Hero MotoCorp, NTPC, Dr Reddy’s, HDFC, ONGC, Adani
Ports, Infosys, Kotak Bank, Wipro, Tata Steel and ITC, falling
up to 2.35 per cent.
Public sector lender Oriental Bank of Commerce ended
lower by 5.94 per cent following deteriorating asset quality
Manappuram Finance also ended lower by 3.88 per cent
after reporting a 16.6 per cent decline in consolidated net
profit for the September quarter.
In contrast, Axis Bank, Asian Paints, Cipla, Sun Pharma,
Coal India, Bajaj Auto, M&M, L&T, HUL, TCS, Power Grid and
Maruti Suzuki gained up to 3.41 per cent.
Sector-wise, the BSE metal index suffered the most by
falling 1.55 per cent, followed by energy (1.50 per cent),
telecom (1.49 per cent), oil & gas (1.30 per cent), PSU (1.21
per cent), realty (0.99 per cent), consumer durables (0.88 per
cent), power (0.72 per cent), auto (0.67 per cent), bankex
(0.52 per cent) and infrastructure (0.38 per cent).
IT and teck sector indices ended in the green.
The broader markets too were in a bearish form, with the
small-cap index falling 0.96 per cent and mid-cap dipping 0.77
Key indices in rest of Asia declined, with Japan’s Nikkei
falling 0.10 per cent, retreating from 25-year highs, while
Hong Kong’s Hang Seng shed 0.30 per cent. Taiwan too fell 0.20
per cent but Shanghai Composite Index inched up 0.06 per cent.
In the Eurozone, Paris CAC 40 fell 0.24 per cent while
Frankfurt’s DAX shed 0.06 per cent in early deals. London’s
FTSE was down 0.04 per cent.
This is published unedited from the PTI feed.